What are fraudulent transactions and how can I identify them?

What are fraudulent transactions and how can I identify them?

Fraudulent transactions are unauthorized or deceptive activities that result in financial loss. You can identify them by looking for unusual account activity, unexpected charges, or transactions from unfamiliar locations.

What should I do if I suspect a transaction is fraudulent?

If you suspect a transaction is fraudulent, immediately contact your bank or credit card company to report it. They can help you investigate and potentially reverse the charge.

Are there any tools or apps that can help me monitor my transactions?

Yes, there are several tools and apps like Mint, Truebill, and your bank's mobile app that can help you monitor your transactions and alert you to suspicious activity.

How can I protect myself from future fraudulent transactions?

To protect yourself, use strong, unique passwords, enable two-factor authentication, regularly monitor your accounts, and be cautious with sharing personal information.